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. chairman, the president campaigned on 250,000 went up to 400 single, 450 double. but boehner was at a million. boehner went down 550,000. so it's according to whether you want to count from the top down or the bottom up. both sides gave and i think the other side gave a little more. but governor, when it comes down to the debt ceiling that the chairman just referred to, president gave a warning to republicans. watch this. >> i will not have another debate with this congress over whether or not they should pay the bills they've already racked up through the laws that they passed. let me repeat. we can't not pay bills that we've already incured. >> sounds like he's pretty strong and stern on that. what dooungs, governor? >> he is and he ought to be. the last time, it was an international disgrace, not just a national disgrace, but an international disgrace. we shouldn't play politics with that. we owe this money. we've got to pay it. we've got o to have the funds to pay it. i think the sequester comes up in two months, probably a week or two before the debt ceiling. we're going
farther right running against them in primary, that john boehner's plan last week. we don't know how much has changed since last week. but president obama sounded like he was saying something that he had been planning to say all along. >> it's almost like the white house is stepping out. i think we have some sound from mitch mcconnell talking about the next steps. let's see if we can run that out. >> we had a good meeting at the white house. we are engaged in discussions, if majority leader, myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation. that i can make to my conference and the majority leader can make to his conference. >> i'm going to do everything that i can, i'm confident senator mcconnell will do the same. but everybody, this is -- whatever we come up with, this is going to be imperfect. and some people aren't going to like it. some people will like it less. but that's where we are. and i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. we're going to do the
, january 2nd. and speaker john boehner can't please anyone. ♪ >> happy new year, everybody. >> aloha, mr. president. >> the fiscal cliff vote wasn't the only drama in the house of representatives. >> the house stands adjourned until 10:00 a.m. tomorrow for morning hour debate. >> mr. speaker. >> we will promise that this vote was coming up. >> it's the most disgraceful action i've seen in this house in the 20 years i've been here. >> nine weeks after sandy, not one penny has been appropriated. >> we turned our back on them. >> the only thing our republican colleagues did this week is serve up false hope to the people devastated by the storm. >> they have no problem finding new york when it comes to raising money. >> the relief will come early next year but will come at the $27 billion level. >> anyone from new york or new jersey who contributes one penny to congressional republicans after this should have their head examined. ♪ >>> a very happy new year to you and your family. 2013 begins as washington barely avoids crashing off the fiscal cliff. in a rare late night vote, they managed
in primary, that john boehner's plan last week. we don't know how much has changed since last week. but president obama sounded like he was saying something that he had been planning to say a all along. >> take a listen to the president's tone and tell me if you think somebody has changed. >> ordinary folks. they do their jobs. they meet deadlines. they sit down and they discuss things and then things happen. if there are disagreements, they sort through the disagreements. the notion that our elected leadership can't do the same thing is mind boggling to them. >> joy, is this is same kind of negotiator we saw in the first term? >> i'll tell you, richard. one of the things you notice that the president didn't do was offer any new plan. i think he's laying this debacle squarely at the feet of congress. and the president, i think, helped himself by previously making some offers that even his base was uncomfortable with. it's clear to everyone watching that he's been reasonable to try to make offers. i think he's expressing plopperly the frustration of the american people. >> it's almo
it passed through the chamber and send it to the house. house speaker boehner made it clear he had not move first. he wants to see the senate act. the ball is now in the senate's court for all intents and purposes. >> sam, isn't it a bit late in the day to be playing this game of chick snn. >> i don't know what constitutes late in the day at this juncture. i guess we have a few more days, a couple more hours here. i think there's a general consensus we probably will hit the cliff, but that doesn't mean they can't hurry and get something done a day after, two days after, do it retroactively. the hit that would be felt by families would be minimum in that case. a lot of negotiations. we'll see what mcconnell and reid can pick up and forge together. >> nbc news has been reporting that the president's holding firm to this position of not cutting taxes for people earning more than $250,000 a year. you've been talking to republicans all day. will republicans vote for a plan that looks like the president's first offer, $250,000? >> republican senators specifically were really looking for a $400,00
of senator boehner. tax rates increase for those over a million dollars. you are a guy that is well known as a conservative. in principle isn't that something you think hurts the economy? >> no question what the president wants to do is bad for the economy, sean. what concerns me is we are now three days away from a really bad law taking effect which is increasing tax rates on everybody, huge increases on capital gains, massive increase on dividends. this is destructive. i see my mission in part to try to absolutely minimize the damage. unfortunately, i don't have the ability to repeal that law and the democrats control two out of the three parts of the elect ared government. i will fight as hard as i can to minimize this damage. but i got to be honest with you, i mean we got a pretty tough hand to deal with here. and we can't just change that law by ourselves. >> sean: it seems to me senator johnson three things that maybe the president hasn't thought of. number one if the president goes over the fiscal cliff on his watch the optics are not very good for him. while he may think there is
their taxes go up. the news comes after a conference call that mr. boehner held with gop house members, telling them to return to washington this sunday. but just because they're coming back doesn't mean they're looking to play nice. today, senator harry reid blasted the speaker for refusing to even vote on a democratic plan that would protect 98% of americans. >> everyone knows that if they had brought up the house -- i'm sorry, the senate-passed bill that would give relief to everyone making less than $250,000 a year, it would pass overwhelmingly. it's being operated with a dictatorship of the speaker. >> a dictatorship of the speaker. and here's house speaker boehner office responded. senator reid should talk less and legislate more. legislate more? what legislation has speaker boehner been working on while on vacation? while we're about to go over the cliff, the gop has been pointing fingers at the president. one gop aide says talks have failed because "the president made a strategic miscalculation and overreached. he picked a fight." picked a fight? sorry, that's not going to fly.
speaker, john boehner, from a rising star in his own party. up next, why his republicans failed to vote on a $60 billion aid package to sandy victims and why they are scrambling now to make it right. >>> and then averting the fiscal cliff. we are going live to wall street for an update. >>> paul ryan says, quote, wasn't afraid to vote yes on the fiscal cliff deal. could that be a sign for 2016? i am wolf blitzer, and you are in the "the situation room." >>> if the gop house of representatives thought they were feeling the heat for the fiscal cliff, they did but it may have been nothing compared to what they are feeling now. the bite bg backlash coming from prominent members of their own party, they are blasting last night's decision to end the 112th congress without approving a $60 billion aid package for the thousands of victims still suffering from the super storm sandy. leading the charge, a rising star in the party, and a possible 2016 presidential contender, the new jersey governor, chris christie. >> i will not in the specifics with what i discussed with john boehner today, but th
trading day of the year after the fiscal cliff compromise. john boehner house speaker tonight amid a new backlash this one over a delay in aid for super storm sandy. >> with no explanation, the rug is pulled out from all of us. this a disaster on top of a disaster. >> republicans in congress brought this house to a new low last night. >> the fact is the speaker had no choice. >> tonight, developments after a storm of anger. finally, a fiscal cliff deal. >> i think it's good that we have reached some sort of compromise, although it's kind of lame that it took so long. >> i'm almost wondering why do we even have a congress. >> this fight isn't finished. tonight, the looming battle over spending cuts and raising the nation's credit limits. plus, an oil drilling rig crunches into an island during a storm in alaska. and salvage teams now working to prevent an environmental disaster. but we begin tonight with word of a plan to calm some anger in congress. i'm jon scott in for shepard smith. republican lawmakers are now promising a vote on aid for victims of super storm sandy by january 15th. t
operated with a dictator ship of the speaker. john boehner seems to care more about keeping his speakership than keeping the nation on footing. >> john boehner's office fired back -- senator reid should talk less and legislate more. the house has already passed legislation to avoid the entire fiscal cliff. >>> the president gets set to land in washington this hour. there's new word that the president has called all four congressional leaders. reid, mcconnell, boehner and pelosi. . joining me to talk more, we have peter alexander standing by at the white house as well as nbc's mike viqueira on capitol hill. some verbal smackdown, basically flipping the lights back on and harry reid taking to the floor to eviscerate speaker boehner. >> the sad part is you often seen the floor opened that way. mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hur
of the new year? if so, can speaker boehner come up with the votes to pass it? if not, what move might the speaker make knowing that time is running out? good morning. i'm mara schiavocampo on this first day of 2013. we've got a deal in the senate and now it's to the house. the republican conference will meet at 1:00 p.m. to strategize their way forward. the democrats in the house will meet at noon to figure out their move. nbc's luke russert joins us now live from capitol hill. he's following it all. luke, we understand that you've confirmed that a very special guest will be present when the democrats meet, when the house democrats meet. who is it going to be? >> that's right. for the first democratic caucus meeting of 2013 they'll hear from none other than vice president joe biden who will come here to capitol hill to brief them about the deal similar to what he did last night for his senate democratic faithful. he was really influential in helping get a lot of democrats to vote for the bill. it is expected he'll do the same thing today when he talks to his house democratic friends.
.8% or whatever it was of americans that was john boehner's plan "b." a couple of things are either being misreported or inaccurately reported because what gets in the way of the president's plan is the constitution of the united states. and the good thing about this meeting is that the focus is now firmly on the united states senate where it should have been all these months. the house acted a long time ago to extend all the tax cuts and take care of sequestration. the senate has given speeches. >> you're referring to the fact that revenue issues are supposed to generate in the house. right now, both speaker boehner and the president say it's between reid and mcconnell which does raise the question, whatever procedural and constitutional issues, which are profound. are you concerned as a republican, someone who is close to speaker boehner, if we go over the fiscal cliff, that republicans will get the blame? >> well, of course they will. because republicans get blamed if it rains if washington. that shouldn't be the test here, it shouldn't be the consideration. but senator reid has had it
-minute deal and this plan would not be the grand bargain that john boehner started initially working on. that plan would have dealt with tax reform and deficit reduction and this will be a much more scaled back version that will deal with the issue of taxes and that is still the big sticking point, taxes. of course, democrats and president obama have called for tax rates to increase on those making $250,000 or less. republicans have said that's way too low. so they're thinking about potentially compromising on a rate that would be $400,000 or $500,000, but some republicans are saying they don't think that the tax rate should go up on anyone. so taxes still the major sticking point. right now the negotiations are going on the hill and there's a lot of optimism that came from the talks yesterday. of course, president obama hosted congressional leaders at the white house and they left that meeting and many said that it was constructive and they were optimistic that a deal could get done and i've been talking to my sources today and that same optimism isn't really present right now. there's
. the leadership has gone mum on that. we know there's not been communication between boehner and mcconnell, obama and boehner. are you amazed with this short amount of time to go there seems to be no sense of urgency on either side? >> am i amazed, given what we went through with the debt ceiling, no, i'm not amazed. i think there are forces here in this town that would like for us, sure people would like for there to be a deal, but going over the cliff on january 1st when there's this notion where it's not really a cliff, it's a slope, it's a curb depending who you talk to, that you can repair the damage if you get a deal done, you know, a few days after january 3rd. i think people feel like they can slow walk. as we saw last week when plan b failed, you know, speaker boehner said it's up to the white house and the democrats to come up with a deal. >> washing my hands with it. what's interesting is what you just touched on, conventional wisdom has grown now to it's a cliff, it's a cliff, we can't go off it, to we're okay for two to three weeks afterwards, the treasury can stay in place. do you t
-passed bill may die. republican congressman peter king says it is all speaker boehner's fault. >> speaker boehner is the one. he walked off the floor. he refused to toll us why. refused to give us any indication or warning whatsoever. i'm saying anyone from new york and new jersey who contributes one penny to the republican congressional campaign committee should have their head examined. i would not give one penny to these people based on what they did to us last night. i would say -- i'm talking about the people in my neighborhood that i see, people are out of homes, people are living in devastated homes, people without jobs, people lost their businesses, their clothing, their life-long possessions. absolutely disgraceful. people in my party, they wonder why they're becoming a minority people. they're writing off new york. their writing off new jersey. they have written me off and they'll have a hard time getting my vote. i can tell you that. >> let's go to governor christie speaking right now. >> -- were damaged or destroyed. nearly 7 million new jerseyians were without power, some for
. it's up to speaker boehner and senator mcconnell if they can accept it. if they don't, we are going off the fiscal cliff. it's where we stand now. >> you should vote your conscience, no matter what happens. you are an outgoing member of congress. you don't have to worry about re-electi re-election. many members of congress are doing what they believe their home districts want them to do. this is about self-preservation and getting reelected. are you in any different position? do you think they can look at this differently? >> i think you are in a lame duck session. it's a different dynamic. you have members that have lost and retired. yes, it's different in a lame duck than it would be before an election. this would be catastrophic for the country if we allowed it to happen. we have to have a deal in 36 hours. the people are committed regardless to doing the right thing for the country. it's what's most important. >> this is the way you wanted to go out with this mess? >> well, we could have handled it better. we are in this position because we mishandled it in the first place. we a
boehner's plan "b" failed. >> the key issue i think and the american people are catching on is that the problem that we have is we have a right wing political figure in the house way, way, way out of touch of what the american people are thinking. >>> there's early economic sinls that the uncertainty over the cliff may have clayed the role of scrooge this holiday season. early holiday numbers point to the worst year to year growth since 2008. >>> i think the president is steward of this economy needs to try to reach the big compromise with speaker boehner and the two men came very close. >> all right. let's check in and say good morning to nbc news correspondent mike vi cara now. >> they have indicated they would be back on the 27th and doing the math and take in to account the time zone differences, the president will be arriving back in washington. wheels down on the white house sometime in the late morning tomorrow. one problem, there won't be a house of representatives session. it appears to greet him when he gets back. and john boehner, the speaker out house, the ind
, republicans caved in, and scheduled a vote, john boehner did on that senate bill that passed 89-8 the senate passed it on new year's day. the house caved in -- actually -- yeah, it was early, early in the morning on new year's day late last night at about 11:00 the house caved in passed a vote, and passed the senate version, and president obama says he will sign it. we'll get into all of that and of course take your calls at 866-55-press. good to be with you here today. we're coming to you live on current tv, on your local progressive talk radio station and live on sirris tv for this hour only. peter ogburn, and dan henning here. >> we have been working hard. me and phone man phil have been holding down the fort. >> and our videographer siprion bolling who had a couple of days off as well. and we're all back. happy team. happy new year's eve. we celebrated with the millions of people in time square. the whole countdown. [ cheers ] >> that's not as boisterous as i'm used to hearing. >> stephanie: no. no. [ auld lang syne playing ] >> bill: maybe it is harder for
reforms or cuts in here and that might be a big bone of contention. >> you mentioned speaker boehner. the house as i mentioned adjourned earlier tonight and they will meet again tomorrow, january 1 at noon, 2013. speaker boehner's spokesperson brendon buck earlier tonight said all of this the back and forth this is all vice president biden and senator mcconnell and he said quoting here boehner and mcconnell have not spoken since last week. the staff is being apprised on what they have been working on. we have not been negotiating with any one which is interesting, ed, when you look at the possibility of whatever comes out of the senate if it comes out of the senate tonight and we keep talking about the possibility of this deal, you are right we have to get over the hump that you have to get over the 60 votes necessary to bring the bill to the floor of the senate and then they have to pass it through the senate. and then it goes to the house. now, speaker boehner the real question is here, ed, whether he brings up this piece of legislation. if it he does his own head check in the gop
suggested and that he is so far out on a limb it's going to be hard for house speaker john boehner to shove aside his fellow republican leader and not support him, not support getting this legislation through the house. otherwise, all those senate republicans, a vast majority of them that supported this will be hung out to dry. vice president biden, in fact today after he was on the hill, was just having a casual lunch at a sandwich lunch called pot bellies with staffers. he took a casual stroll back over to the white house and talking to reporters as if everything is still on track. in fact, when he was asked about this, he said he still thinks it's going to go through the house. take a listen. >> i hope so. i think so. >> what if the house sends the bill back to the senate? does it have a chance of passing? >> i think we're going to be okay. >> now we're told the vice president by the way ordered a meatball and prove lone. that's probably a good sign because they have another sandwich at that shop called a wreck. that's probably not a good symbol for how they want this to play out. >> i l
's share of his time negotiating with speaker boehner, that did not work. what can you tell us about the key individuals involved in the process now, president obama, senator majority leader harry reed and mitch mcconnell. what is the tone? >> it's all about the senate right now, that is one of the more remarkable developments. all along we thought it would be between the obama white house and house speaker john boehner and there was a logic behind that. because getting legislation out of the house is the trickier part of crafting any type of deal. but with the house saying look, we need the senate to do something, the last ditch effort is occurring in the senate right now. i spoke to staffers close to senator mcconnell that said there was optimism on their side yesterday, including from their boss, senator minority leader mitch mcconnell to get a deal. of course, any kind of word in reading from the members themselves will not come until tomorrow, but it's both chris and luke that said in the segment before mine, there is a sense that what might have been optimism yesterday does not
worked out in the senate than there was dealing with speaker boehner and his completely dysfunctional house republican party. >> sure. well, abiding by convention and of course protocol, the senate won't return until sunday. will there be enough time for the senate leaders to really craft a deal that is substantive and makes a difference, especially to the most vulnerable americans? >> yeah, i think the two keys that the president laid out are to protect middle class americans from tax increases and to protect families that haven't been able to get back in the workforce, having their unemployment insurance cut off. and if those two things can be done, a lot of the rest can be worked in in the weeks and days to come. we have other deadlines coming up for the debt limit and for the end of the continuing resolution, so i think this is likely to be a bit of a continuing process. but the really immediate stuff, i think they can clearly do. the big choice is going to be republican leader mcconnell's. and that is, does he insist on filibustering this effort? if he does choose to filibuster t
of representatives said, and i have it here somewhere, i don't want to be critical of john, meaning john boehner, but if you don't ever bring something to the floor without the votes. so this is what happened last thursday night where he brought this bill to the floor, his plan b, and it went nowhere. was that a major miscalculation for him? >> it was. look, denny was the speakner nea different time. he could hand out projects to districts of wavering members. and he had a very tough leadership team that went out and got the votes. boehner is not a strong leader. he doesn't have the pork and the earmarks anymore since they've been banned. and a lot of the incoming -- or the folks that came in in 2010, the tea party folks, they look at the tom delay are era and say -- >> they're both long time qulil wat capitol hill watchers, and we have to ask you are you seeing any sway now in following boehner? is he losing support? >> obviously the fact that he thought that he would be able to bring the bill last week to the floor to raise taxes on everybody making a million dollars or more and then had to pu
think we're at a point after, after the implosion by boehner and the party not to be able to come to an agreement with president obama. that we're talking about a short fix relative to a new congress dealing with the complexity and a comprehensive package of long-term, of fiscal policy in this country. that's what many of us have asked for, that everything has been to be on the table. that it has to be an honest and open discussion. >> you just said that everything should be on the table. the president has made this clear. he said that everyone needs to give a little bit to reach the grand bargain. and a new gallup poll says that 68% of americans want congress, that's you, to compromise. to come up with a solution. only 22% say stick to your principles. now, you spoke out against the president's first off, saying it looked like he was offering a cut to social security, but if his next offer looks the same and that's the only way to come together, would you support it? >> honestly, the support and many of us, including myself, are disappointed that cutting social security benefits
speaker john boehner could face a challenge. also on the agenda changes in committee assignments and possible revisions to house and senate rules. >>> to massachusetts now where heavy snow is pounding the state and bringing with it freezing temperatures. boston could see up to 8 inches of snow today. the city's mayor has already declared a snow emergency. a top priority is getting the roads cleared for public safety. >> my guys live for this, so they're at their best when this kind of weather comes along. they're all geared up. it's like christmas morning for them. >> the neighbors to the south in rhode island are breaking out the shovels this morning. we'll show you that video. about a foot of snow has already fallen in some parts of the state. i know it's wintertime and it's supposed to snow, but these are the big snows so it's always interesting and kind of fun if you're not in it to look at the video. cnn i-reporters have been busy send inning photos. these are from mark ivy in farmersbu farmersburg, indiana. keep those pictures coming. >>> fiscal cliff, debt, and egos. how m
recently, house speaker john boehner and president obama each made important concessions. the president on entitlement spending. speaker boehner on upper income tax rates. speaker boehner, though, could not get conservative republicans to go along and seemed at a loss on what to do next. >> we can't cut our way to prosperity. we need real economic growth. many of us believe on both sides of the aisle on the fundamental reform of the tax code will help us get our economy moving faster and put more americans back to work. and more americans on the tax rolls. how we get there, god only knows. >> president obama, meantime, seemed to lose patience. no sign he's eager to go off the cliff, but he's also not ready, either, to get in his words, what he'll get for free when the bush tax cuts expire tuesday morning. democratic lawmakers, though, are more willing to let that and everything else happen and both sides are still pointing fingers. take a look at mitch mcconnell and harry reid just this afternoon. >> you'll excuse me if i'm a little frustrated at the situation. >> republican leader find
-called plan b failed in the house, john boehner, speaker of the house said, look, it's up to the senate. we'll not do anything more. we already passed a bill a while back that would extend bush tax cuts for everybody. it is up to the senate to do something. you have senate minority leader mitch mcconnell, the republican saying it is up to the democrats to do something. we'll not do anything until president obama and the democrats come up with a plan and president obama actually late yesterday did call all four leaders, majority, minority leaders in the house and senate that includes mitch mcconnell and said the first time a democrat called him since thanksgiving to talk about this. so they're talking but there is no indication anybody is actually doing anything right now. gregg: what about harry reid? what's his, does he have anything at all maybe towards the end of the week he will put on the table? i've been hearing he will put to a vote an extension of the bush tax cuts for anybody making under $250,000 a year, extend unemployment benefits for some 2 million people that are about to lose
, speaker john boehner voted yes. and here's what the deal means for you. no tax hikes for couples earning less than $450,000 a year. itemized deductions capped for couples making over $300,000 a year. unemployment benefits extended for a year for 2 million americans. and that irritating alternative minimum tax permanently adjusted for inflation. >> this fight is far from over. the deal doesn't address spending. drastic cuts have been deferred now for two month and you can be sure the battle will get messy. and then there's the $16.4 trillion debt ceiling. we just hit it according to the treasury secretary and the president already drawing the line in the sand for that fight. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. if congress refuses to give the united states government the ability to pay these bills on time, the consequences would be catastrophic. >> brianna kealar is live from washington working triple duty for us. so tell us more about what is not included in this deal and what battles are now lo
early everything that is coming out of d.c. is about blame. not answers. >> speaker boehner should call members of the house back to washington today. he shouldn't have let them go in fact. they are not here. they are not here. john boehner seems to care more about keeping his speakership than about keeping the nation on firm financial footing. >> harris: a spokesman for john boehner fired back "senator reid should talk less and legislate more." and senate minority leader mcconnell saying we should have worked all this out months ago. >> and republicans aren't about to write a blank check or anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> harris: tonight, that is exactly where we stand. at the edge of a cliff throwing blame for how you we got here. a lot of finger pointing and no answers as i said and just days remaining until tax increases and spending cuts all kick in and we all feel the pain. mike emanuel live with the news for us tonight on capitol hill. top democrats seem to be suggesting they cannot cut a deal without republican he
voted on but boehner a company said this opportunity help folks. it doesn't help anyone. 8:00 p.m. on fox business network. we march to a different drummer. fair and balanced drummer. find out the story you don't know. word from the s&p rating agency that maintains the rating on the u.s.. they didn't get a lot done and won't effect the outlook now. no tipping of the hand of what moody's will do. but with the debt and spike over the spending cut the triple-a thing i wouldn't bet on. >> eric: hello. i'm eric bolling with kimberly guilfoyle, bob beckel, dana perino, greg gutfeld. it's 5:00 in new york city. this is "the five." ♪ ♪ >> eric: thanks for joining us for our first show of 2013. my goal this year -- stop it, greg -- is have more fun than any other show on cable news. plen of that for you today. in illinois strip clubs now charge $3 a head and the money goes to charity. true story. hollywood celebs put out a psa on gun control. beckel says diet and for size will kill you. we'll explain that one the clowns in d.c. held us hostage for three months over the fiscal cliff.
: well, you know what, peter? there's not lost love between boehner and president obama. are they going to meet? >> reporter: they might, gregg. the speaker is expected to return to washington soon but we still don't know of a specific time set aside on his calendar to meet with the president. actually the last we heard from the speaker he said that since voters in november picked republicans to control the house, he is going to stay true to his party's principles in december in the course of making any kind of a compromise. >> the american people reelected president obama on election day. they also reelected a republican majority here in the house. in doing so they gave us all a mandate. it was not a mandate to raise taxes on families and small businesses. it was a mandate to work together to begin solving the massive debt that threatens our country's future. >> reporter: the house and the senate will both be back in session tomorrow and the president has said he expects them to quickly vote to pass legislation to avoid the fiscal cliff, if, he and the speaker are able to make a deal b
the failure of speaker john boehner's plan b last week, house members are saying the ball is now in the senate's court. >>> former president george h.w. bush is in the intensive care unit at a houston hospital this morning. according to a statement from the bush family the president has been in intensive care since sunday, after suffering a series of setbacks, including a persistent fever. they also say he's relentlessly positive and spends time talking and joking with his doctors. in the next hour we'll take to you houston for a live update on the president's condition. >>> it's called one of the largest lawsuits of its kind, toyota agrees to a $1.1 billion settlement. we'll tell you who benefits and if one of the people who benefits is you. [ male announcer ] it's that time of year again. time for citi price rewind. are only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi pri
like had been on the table in so-called plan a, the $4 trillion debt deal he and john boehner had been talking about for weeks. so we might see a small bit of spending cuts just to stave off the sequester, the massive amount of spending cuts that will kick in at the beginning of the year to harm the pentagon and other agencies. if they are getting anything, there are low expectations but if they get anything it will be a very small deal, something much smaller than they have been talking about for weeks, jon. jon: there aren't too many people these meetings. so a little hard to get an assessment, what is your idea, what is your best, yeah, assessment i guess how things are between some of these leaders? >> reporter: they have gotten pretty tense the last couple of days as they have come back from the christmas holiday. we saw yesterday senate majority leader harry reid basically accusing john boehner of running a deck tate toreship, that was his word in the house of representatives. reid piled on a little bit late yesterday afternoon and senate republican leader mitch mcconnell respond
who covers capitol hill from us not to expect to hear from the speaker of the house john boehner after we hear from the president at 1:30pm. speaker boehner tried to put plan b of his own on the table and ended up not having the republican support for it, so he pulled back. as business watches these negotiations take place, and we heard from senator thune in mike emanuel's report a minute ago what is the reaction of the business community at this function that is on display in our nation's capitol. >> despair, anger frustration. if you go forward into 2013 not addressing spending, in fact the president wants to raise spending on struc infrastructure you go forward into next year doing that with tax increases on upper income people and some small business owners you will slow the economy down. business does not want a slower economy, it wants a more rapid rate of growth. the reaction from business to the kind of deal that seems to be shaping up, and i say that very reserved lee, their reaction istep eud at best, ev is t *erbgs pid at bess even though you have a modest rally a couple of
hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit as part of an overall deficit reduction package. >> you talk about a dysfunction in washington. you signed this legislation setting up the fiscal cliff 17 months ago. how accountable are you for the fact that washington can't get anything done and that we are at this deadline again? >> i have to tell you, david, if you look at my track record over the last two years, i cut spending by over $1 trillion in 2011. i campaigned on the promise of being willing to reduce the deficit in a serious way in a balanced approach of spending cuts and tax increases on the wealthy while keeping middle-class taxes low. i put forward a very specific proposal to do that. i negotiated with speaker boehner in good faith and moved more than halfway in order to achieve a grand bargain. i offered over $1 trillion in additional spending cuts so that we would have $2 of spending cuts for every $1 of increased revenue. i think anybody objectively who's looked
and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit as part of an overall deficit reduction package. >> when you talk about a dysfunction in washington, you signed this legislation setting up the fiscal cliff 17 months ago. how accountable are you for the fact that washington can't get anything done and that we are at this deadline again? >> well, i have to tell you, david, if you look at my track record over the last two years, i cut spending by over a trillion dollars in 2011. i campaigned on the promise of being willing to reduce the deficit in a serious way, in a balanced approach of spending cuts, and tax increases on the wealthy, while keeping middle class taxes low. i put forward a very specific proposal to do that. i negotiated with speaker boehner in good faith and moved more than halfway in order to achieve a grand bargain. i offered over $1 trillion in additional spending cuts so that we would have $2 of spending cuts for every $1 of i
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